Just want to do a heads up of the good old vhands trading simulator (details here http://www.forexfactory.com/showthread.php?t=60849).
Very good tool for manual backtesting, including PASR. The only drawback is that you can't do multitimeframe analysis, meaning you will only have Daily timeframe inside the simulator. Even with this limitation you can zoom out to maximum and see the important swings to draw your SR lines.
The advantage against the classic "F12 bar-by-bar simulation" is that you can easily put BUY/SELL STOP order using the mouse only, dragging the order levels directly on the chart (e.g. you drag a line where the BUY STOP order will be then drag another line for the STOP LOSS and that's it).
You can easily trail your stop behind swings to REALLY SEE how taking advantage of a trend helps (or not!) your overall profitability.
There's a small catch though, your orders will not be executed if you choose the "Open Price Only" simulation method. Instead use "Control Points" method. You don't have to wait for the bar to end, instead when the simulation starts click "Pause" button and the simulation will only move forward when you hold F12 down, this way you have all the time in the world to do your analysis.
Hope it helps.
Very good tool for manual backtesting, including PASR. The only drawback is that you can't do multitimeframe analysis, meaning you will only have Daily timeframe inside the simulator. Even with this limitation you can zoom out to maximum and see the important swings to draw your SR lines.
The advantage against the classic "F12 bar-by-bar simulation" is that you can easily put BUY/SELL STOP order using the mouse only, dragging the order levels directly on the chart (e.g. you drag a line where the BUY STOP order will be then drag another line for the STOP LOSS and that's it).
You can easily trail your stop behind swings to REALLY SEE how taking advantage of a trend helps (or not!) your overall profitability.
There's a small catch though, your orders will not be executed if you choose the "Open Price Only" simulation method. Instead use "Control Points" method. You don't have to wait for the bar to end, instead when the simulation starts click "Pause" button and the simulation will only move forward when you hold F12 down, this way you have all the time in the world to do your analysis.
Hope it helps.
Trading = a mirror to your human flaws. Fix them or be fixed.
